Crypto in Ukraine | Alex Bornyakov, Deputy Minister of Digital Transformation of Ukraine
Bankless
Bankless
4.7 • 1.2K Ratings
🗓️ 25 March 2022
⏱️ 57 minutes
🧾️ Download transcript
Summary
In this special episode, we bring on Alex Bornyakov, Ukraine’s Deputy Minister of Digital Transformation to discuss the current state of the war, crypto’s impact, and so much more.
Since the start of the Russian invasion of Ukraine, the world—and in particular—the crypto world has rallied to donate as much as possible to the courageous people of Ukraine.
Our thoughts and prayers continue to go out to the people of Ukraine. To further support, please consider donating: https://war.ukraine.ua/donate/
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Topics Covered:
0:00 Intro
6:14 State of Ukraine
11:54 Deputy Minister of Digital Transformation’s Goals
14:00 Pre-Ukrainian War Crypto
18:00 Ukraine’s Crypto Fund
22:00 How Donations Are Being Used
24:55 Crypto Enabling Ukraine’s Goals
31:00 How Crypto Changed the War
32:40 Bridging Crypto to Fiat
33:40 Individual Ukrainian’s Using Crypto
35:18 Crypto’s Value Proposition in Ukraine
41:09 Humanitarian Limitations vs. Crypto
44:15 New Ukrainian Crypto Law
47:20 Crypto Policy Advice
48:55 Sanctions & Crypto
51:55 Alex’s CTA for Everyone
53:15 Ukraine's NFTs & Tokens?
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Resources:
Donate to Ukraine
https://war.ukraine.ua/donate/
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Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research.
Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here:
https://newsletter.banklesshq.com/p/bankless-disclosures
Transcript
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| 0:00.0 | Well, my advice will start from what we realize in Ukraine at some point. |
| 0:04.0 | We realize that there's a huge blockchain community. |
| 0:06.8 | There are a lot of people that use crypto and you can't ignore it. |
| 0:09.8 | So, if you're truly in a country, take care of your people, |
| 0:13.2 | want to take care of your people, make it official. |
| 0:18.9 | Welcome to Bankless, where weeks or the frontier of internet money and internet finance. |
| 0:23.2 | This is how to get started, how to get better, how to frontrun the opportunity. |
| 0:26.4 | This is Ron and Sean Adams. I'm here with David Hoffman. |
| 0:28.8 | And we're here to help you become more bankless. |
| 0:32.5 | Guys, we have a special guest on the show today, |
| 0:35.3 | the deputy minister of digital transformation of Ukraine. |
| 0:39.2 | Alex Bornyakov, we are talking to Alex all about what's going on in Ukraine. |
| 0:44.6 | A few things that we discuss. |
| 0:47.2 | Number one, how crypto is helping Ukraine in a time of war. |
| 0:52.1 | Number two, why Ukraine's government is adopting a crypto-friendly policy |
| 0:56.4 | as a result of this. And number three, his advice for other countries |
| 1:00.5 | considering crypto policy. We're talking to someone who is in an active conflict zone, |
| 1:07.4 | an active war zone. Of course, we've never done this before on bankless, |
| 1:11.8 | but crypto has become very relevant actually to the story of Ukraine. |
| 1:17.7 | And I think it's an example of the type of impact that this technology can have on the world. |
| 1:23.6 | David, we got introduced in kind of an interesting way to Alex. Could you talk about that introduction? |
| 1:30.4 | Yeah, we got introduced to Alex via Vitalik Buterin. Vitalik and I were passing messages |
... |
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